https://www.taxtmi.com/caselaws?id=471594 Penalty for misreporting income cannot rest solely on disallowance of a disclosed deduction claim for lack of satisfaction about a donation's genuineness. Misreporting requires material showing false evidence, suppression, deliberate misrepresentation, or knowingly fabricated particulars. Penalty proceedings remain independent of assessment proceedings, and failure to challenge the quantum addition does not amount to an admission of misreporting. A penalty for misreporting is also unsustainable where the applicable statutory limb is not specified. On these grounds, the penalty relating to the deduction claim was deleted. en-us Thu, 30 Jul 2026 00:00:00 +0530 Wed, 09 Sep 2026 19:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471594 Penalty for misreporting income cannot rest solely on disallowance of a disclosed deduction claim for lack of satisfaction about a donation's genuineness. Misreporting requires material showing false evidence, suppression, deliberate misrepresentation, or knowingly fabricated particulars. Penalty proceedings remain independent of assessment proceedings, and failure to challenge the quantum addition does not amount to an admission of misreporting. A penalty for misreporting is also unsustainable where the applicable statutory limb is not specified. On these grounds, the penalty relating to the deduction claim was deleted. Case-Laws Income Tax Thu, 30 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471594